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Mixed-Use Property with Apartments
New
For Sale
$740,000

292 South Street, Blue Hill, ME 04614

Multi-Family, Blue Hill, ME

Property Size4,700 SF
Lot Size3.41 Acres
Price / SF$157.45
Days on Market2

Property Features for 292 South Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Commercial Use
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Basement, Bathroom 2
Interior features Attic, Bathtub, Shower
Basement Full, Unfinished
Lot features Well Landscaped, Level, Wooded, Near Shopping, Near Town, Suburban
Standard status Active
Size 4,700 SF
Lot size 3.41 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 6406

Utilities

Sewer type Private Sewer, Septic Tank
Heating system Heat Pump (Heating), Oil, Zoned, Baseboard, Hot Water(Heating)
Cooling system Heat Pump
Water source Well, Private

Building Details

Year built 2004
Floors in Building 2
Number of units 2
Flooring type Vinyl, Laminate, Carpet
Building materials Wood Frame, Vinyl Siding
Roof type Metal
Architectural style Cape Cod
Listing Agency: Coldwell Banker American Heritage · Coldwell Banker Real Estate
Listed By: James Stoneton
Added: Sep 25 Last Checked: Sep 26 at 10:06PM
MLS# 1682060

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 4,700-square-foot mixed-use property places approximately 2,690 square feet of professional office space on the first floor, with two apartments above. The office layout includes a reception and waiting area, examining rooms or offices, additional offices, open workstations, and three bathrooms. Each apartment has one bedroom, a kitchen and dining area, a living room, a full bathroom, and an in-unit washer and dryer.

The 3.41-acre property is in Blue Hill and is zoned for commercial use. Built in 2004, the building has separate electrical meters and heating zones for its units. Water is supplied by a private well, and the property uses a private septic system.

Key Highlights

  • Mixed‑use building with professional office space and two apartments
  • 4,700 square feet total, including approximately 2,690 square feet of office space
  • Two one‑bedroom apartments, each with kitchen, dining area, living room, full bath, and washer and dryer

Property Analytics

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Current Use

Blue Hill Family ... Dental Office Dr. Michael Gillins Dental Office Blue Hill Family ... Dental Office

Suggested Use

Top Pick Nail Salon Dental Office Restaurant Bar & Pub Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

Demographics for 04614, ME

2,792
Population
2,199
Households
1.3
Avg Household Size
52
Median Age
49%
College-Educated
92%
High-School Grad
62.5 sq mi
ZIP Area
45
Density / Sq Mi
$70,164
Median Household Income
$36,076
Median Earnings
$332,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - A ground-floor professional office is paired with two upstairs apartments, each with a one-bedroom layout.
Where is this mixed-use property located?
The property is located at 292 South Street Blue Hill, ME.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Mixed‑use building with professional office space and two apartments; 4,700 square feet total, including approximately 2,690 square feet of office space; Two one‑bedroom apartments, each with kitchen, dining area, living room, full bath, and washer and dryer
More about this property
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